Ottawa’s housing market continued to heat up in June as sales rose more than 10 per cent over the same month a year earlier, the Ottawa Real Estate Board says. A total of 1,602 homes changed hands last month, OREB reported Tuesday, up from 1,448 in June 2024. “This was the busiest June we’ve seen […]
Ottawa’s housing market continued to heat up in June as sales rose more than 10 per cent over the same month a year earlier, the Ottawa Real Estate Board says.
A total of 1,602 homes changed hands last month, OREB reported Tuesday, up from 1,448 in June 2024.
“This was the busiest June we've seen in quite some time, with sales up 10.6 per cent and new listings rising nearly 14 per cent year over year, signifying we did, in fact, experience a delayed spring market,” OREB president Paul Czan said in a news release.
The average price of homes sold last month was $723,152, a 5.2 per cent increase from June 2024.
The overall composite benchmark price of a home in Ottawa was $634,300 in June, a 1.6 per cent increase from the same month a year ago.
The benchmark price for single-family homes was $707,600, up 1.6 per cent year-over-year, while the benchmark price for a townhouse/row unit was $467,900, a nine per cent increase from a year earlier.
Apartments were the only housing class to see a decline in their benchmark price, which fell 0.6 per cent to $411,500.
“Apartments are one segment that continues to feel the strain, with sales down about 20 per cent across Ottawa and inventory building,” Czan said.
He cited a variety of “compounding factors” for the drop in apartment sales, including an increase in new construction, elevated financing costs and rising strata fees that are making units less affordable, especially for first-time buyers. Czan said OREB is also seeing “neighbourhood-specific factors” that are dampening demand for apartments.
There were 2,933 new listings in Ottawa last month, a 13.8 per cent increase from a year ago. A total of 4,350 properties were listed at the end of June, up 11.6 per cent from a year earlier.
Czan said Ottawa “remains a stable market” for home sales.
“We’re getting back to familiar seasonal trends – where summer activity will pick up for families looking for a home prior to the school year. And with students returning to the city, a stronger fall is likely ahead.” 
